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It depends on what commodities have the price rise. If development costs (Materials, land, labor) are low, but consumers are pinched by high fuel and food prices, there may be no one to buy the newly developed area (real estate), or product.
Development in other areas such as research and technology can be spurred by higher costs. Scientists and businesses will look for cheaper ways to manufactur products, or ways to replace old technologies with cheaper and superior ones.
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What is the price elasticity of supply when the quantity supplied of a good rises from 120 to 140 as prices rise from 4 to 5.50?
the quantity supplied of a good rises from 120 to 140 as price rise from 4 to 5.50. what is the price elasticity of supply?
Which of the following situations would the price of a good be most likely to increase?
An increase in production costs results from a rise in wages.
In what situations would the price of a good be most likely to decrease?
The development of a new energy source reduces production costs for a company.
When consumers react to a price rise of one good by consuming lessof that good and more of another good in its place?
Substitution~Taxen
Why do the demand curve slope downward?
The demand curve will have a downward slope indicating ________ . A. the expansion of demand with a fall in price B. contraction of demand with a rise in price C. the expansion of demand with a fall in price and contraction of demand with a rise in price D. rise in price causes a rise in supply
What is the price elasticity of supply when the quantity supplied of a good rises from 120 to 140 as prices rise from 4 to 5.50?
the quantity supplied of a good rises from 120 to 140 as price rise from 4 to 5.50. what is the price elasticity of supply?
Which of the following situations would the price of a good be most likely to increase?
An increase in production costs results from a rise in wages.
What happens when the price of a good drops?
Supply & Demand, EconomicsEconomic studies tell us that when the price of a good drops, demand will rise. Furthermore, when the price of a good rises, demand will go down.
When was Rise Asset Development created?
Rise Asset Development was created in 2009.
What will happen when the price of goods drop?
Supply & Demand, EconomicsEconomic studies tell us that when the price of a good drops, demand will rise. Furthermore, when the price of a good rises, demand will go down.
In what situations would the price of a good be most likely to decrease?
The development of a new energy source reduces production costs for a company.
When consumers react to a price rise of one good by consuming lessof that good and more of another good in its place?
Substitution~Taxen
Why do the demand curve slope downward?
The demand curve will have a downward slope indicating ________ . A. the expansion of demand with a fall in price B. contraction of demand with a rise in price C. the expansion of demand with a fall in price and contraction of demand with a rise in price D. rise in price causes a rise in supply
What happens when the market price is lower than the equilibrium price?
When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.
What happens when the equilibrium price is lower than the market price?
When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.
What key development led to rise of civilizations in the America's?
agriculture
What effect do tariffs have on consumers?
A tariff raises the price of an imported good above the world price of that good by the amount of the tariff. Domestic suppliers are then able to raise the price of their good to the price of the imported good. The rise in price causes some buyers to exit the market, and by reducing the domestic quantity demanded the consumer surplus decreases, creating a deadweight loss.
